PPG sells float glass plant in Illinois

1:39 PM MDT | July 18, 2014 | Vincent Valk

PPG says it has agreed to sell its float glass manufacturing plant at Mt. Zion, IL, to China's Fuyao Glass America subsidiary at Greenville, SC. Financial details, including purchase price, have not been disclosed, and the deal is expected to close in the third quarter. Fuyao will convert the plant, which currently manufactures float glass for residential and commercial construction, into an automotive glass plant. PPG will continue to operate the plant, which has two production lines, for up to one year. The sale of the plant is a part of the company’s...